DAILY POST
One month after fuel subsidy was removed in Nigeria, many entrepreneurs and business owners are bearing the brunt.
At his swearing-in as President, Bola Ahmed Tinubu made a controversial announcement on removal of fuel subsidy, resulting in high prices and long queues nationwide.
Although the policy was to take effect July 1, 2023, it sparked concerns and uncertainty as Nigerians rushed to buy fuel from filling stations.
Nigerians would have been excited that the endless wait and prolonged queues for fuel would cease to exist in the country, but the fuel price has now jumped from N185 naira per litre to N500 and above.
Despite claims by the Federal Government that it will put measures to cushion the effect of subsidy removal, its decision has caused widespread economic consequences as no measure has been put in place…
